Bank of New York Mellon Corp Purchases 132,497 Shares of Lucid Group, Inc. (NASDAQ:LCID) - Updated July 24, 2025 - Bank of New York Mellon Corp boosted its stake in shares of Lucid Group, Inc. (NASDAQ:LCID) by 4.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,091,063 shares of the company's stock after purchasing an additional 132,497 shares during the period. World Investment Advisors LLC bought a new stake in Lucid Group in the first quarter worth approximately $55,000. Teacher Retirement System of Texas bought a new stake in Lucid Group in the first quarter worth approximately $422,000. Vontobel Holding Ltd. increased its position in Lucid Group by 119.5% in the first quarter. The stock has a consensus rating of 'Hold' among analysts and a consensus target price of $2.68. Wall Street analysts forecast that Lucid Group will post -1.25 EPS for the current year. The company reported earnings per share (EPS) of $0.24 for the quarter, missing analyst estimates of $0.23 by $0.01. The company had a negative net margin of 275.73% and a negative return on equity of 68.64%. Revenue for the quarter was $235.05 million, compared to analyst estimates of $250.50 million. The quarterly revenue was up 36.1% compared to the same quarter last year. Analysts keep track of Wall Street's top-rated research analysts and their recommendations on a daily basis. MarketBeat identifies top-rated stocks and provides insights into their performance and analyst ratings.

Bank of New York Mellon Corp Purchases 132,497 Shares of Lucid Group, Inc. (NASDAQ:LCID)

Bank of New York Mellon Corp increased its stake in Lucid Group, Inc. (NASDAQ:LCID) by 4.5% in Q1 2025, purchasing 132,497 shares. Other investors including World Investment Advisors LLC, Teacher Retirement System of Texas, and Vontobel Holding Ltd. also bought shares. Lucid Group reported EPS of $0.24 for Q1, missing analyst estimates, with revenue up 36.1% YoY. Analysts rate the stock 'Hold' with a target price of $2.68.